Day: November 29, 2019

Finance

UK Black Friday transactions jump 12.5% versus 2018: Barclaycard

November 29, 2019 LONDON (Reuters) – The volume of Black Friday payment transactions in Britain as of 1000 GMT was up 12.5% versus last year, initial data from Barclaycard showed on Friday, bringing some cheer to UK retailers in need of a tonic after a troubled year. Barclaycard, which processes nearly one pound ($1.28) in […]

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Finance

U.S. stock funds see fourth straight week of outflows: Lipper

November 29, 2019 NEW YORK (Reuters) – U.S. equity stock funds saw $390 million in outflows in the week ended on Wednesday, the fourth straight week of outflows for such funds, according to data released by Lipper on Friday. U.S. taxable bond funds attracted $5.9 billion, the 16th straight week of inflows, while U.S.-based money […]

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Global News

Police shoot knife man dead on London Bridge, mayor hails bystanders’ bravery

November 29, 2019 By Michael Holden and Dylan Martinez LONDON (Reuters) – British police on Friday shot dead a knife man wearing a fake suicide vest who had gone on the rampage and stabbed a number of people, describing the attack in central London as a terrorism incident. Police were alerted just before 2 p.m. […]

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Finance

Canada PM: a ‘little more work’ is needed on USMCA trade deal

November 29, 2019 OTTAWA (Reuters) – Canadian Prime Minister Justin Trudeau on Friday said a little more work needed to be done on a new continental trade deal which has run into opposition from some U.S. Democrats over labor and environmental provisions. Officials are trying to agree on a series of tweaks to the U.S.-Mexico-Canada […]

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Finance

European shares end week on dour note as trade woes linger

November 29, 2019 By Sagarika Jaisinghani and Shreyashi Sanyal (Reuters) – European shares ended the week with their worst day this month as a clutch of fairly upbeat economic data on Friday failed to assuage investor concerns about a setback in Sino-U.S. trade talks after China’s rebuke over a U.S. law on Hong Kong. The […]

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Finance

Lebanon central bank to take needed steps amid crisis: banking official

November 29, 2019 BEIRUT (Reuters) – Lebanon’s central bank governor will take “necessary, temporary measures” to preserve the banking sector and depositor rights, the banking association head said on Friday. Salim Sfeir, chairman of the Association of Banks in Lebanon (ABL) that represents the country’s banks, read a statement after a top-level meeting at the […]

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US Politics

“Terror Attack”: Police Confirm London Bridge Knifeman Shot Dead by Cops Was Wearing ‘Hoax’ Suicide Bomb Vest

The Metropolitan Police said at a press briefing Friday that the knifeman on London Bridge shot dead by police was wearing a hoax suicide vest. The incident is now being treated as a terror attack. Police have yet to release the number of people wounded in the attack, but they have confirmed several were stabbed. […]

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Finance

South African Airways shunned by insurers as financial doubts grow

November 29, 2019 By Alexander Winning JOHANNESBURG (Reuters) – Two big travel insurance companies in South Africa have stopped covering tickets issued by South African Airways (SAA) against insolvency as doubts grow about whether the struggling state-owned airline can survive. While the move is unlikely to push SAA into liquidation by itself, it will hurt […]

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Finance

EU watchdog tells banks to get a grip on costs, merge or close

November 29, 2019 By Huw Jones LONDON (Reuters) – Banks in the European Union could close branches, merge or leave the market to reverse a “bleak” outlook for profitability, the bloc’s banking watchdog said on Friday. The European Banking Authority’s (EBA) sixth annual dive under the bonnet of top banks found that the average capital […]

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Finance

Oil slumps but still set for monthly hike ahead of OPEC+ meeting

November 29, 2019 By Jessica Resnick-Ault NEW YORK (Reuters) – Oil prices fell nearly 4% on Friday in muted activity because of the U.S. Thanksgiving holiday, but were still set for monthly gains as OPEC watchers expect an extension next week to a pact to throttle oil output beyond March. Brent crude futures were down […]

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